Junior Trader - Fixed Income Services

RBC • Minneapolis, MN

1d • $55,000 - $95,000

About The Position

The Clearing & Custody Fixed Income Trader is a professional who seeks the best execution trading bonds for Financial Advisors (FA's) in an environment built on teamwork, service, responsibility, and integrity. This Trader would join a proactive team of risk traders who through execution and idea generation, drive productivity and deliver excellence to Clearing & Custody Financial Advisors.

Requirements

• Must-have Bachelor's Degree, or the ability to demonstrate experience or academic achievement in related fields such as Economics, Finance, or Mathematics, or equivalent work experience.
• Demonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments or willingness to learn.
• Proficient with Bloomberg, Microsoft Word, Excel and PowerPoint.
• Ability to work and meet critical deadlines in a fast-paced environment and perform tasks from multiple sources.
• Ability to quickly assess situations, react to market/economic conditions and offer creative solutions and opportunities while working under pressure.

Nice To Haves

• Series 7, 66, & 52 licenses, or ability acquire within 90 days
• Prior experience with principal trading and RBC specific trading systems & processes.
• Proficiency with the Tradeweb platform.

Responsibilities

• Trading and Execution: This Balance sheet trader will execute trades focusing on best execution while making every dollar count.
• Evaluate real time information related to financial markets and quickly and accurately assesses market risk in order to receive the best possible price.
• Access and manage risk within assigned limits for inventory books across multiple asset classes.
• Idea Generation: Develop and distribute ideas on current market conditions and communicate them in a creative and timely fashion to the FA's.
• Proactively create actionable ideas for FA's including: portfolio ladders, possible swap opportunities and new money opportunities.
• They will also build relationships with the Clearing & Custody (C&C) retail network by maintaining a high level of service.
• Business Development & Recruiting: Must be a team player willing to proactively pursue new trading relationships with C&C Firms and FA’s.
• Regulatory: Remain aware of changing compliance standards.
• Maintain proper and accurate records and ensure that all trades comply with regulations and policies.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, growing, collaborative, and high-performing team
• Opportunities to do a wide variety of challenging work
• Opportunities to take on progressively greater accountabilities

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees